| Why Gold’s Safe-Haven Demand Remains Tepid | |
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Why Gold Is Losing Its Safe-Haven Appeal amid Current Turmoil (Continued from Prior Part) Gold’s safe-haven demand is weak
Gold has not benefitted as much as market participants would have expected from the recent turn of events in China and Greece (GREK). Gold is often touted as the safe-haven asset that investors embrace in times of economic and political uncertainty. Its investment appeal is also upped when alternative asset classes like equities and bonds are not doing well. However, this hasn’t been much of the case when Chinese markets came slumping down.
Other safe-haven assets
Investors have turned to other safe-haven assets, including sovereign debt and the US dollar. US monetary policy expectations continue to drive the gold prices. As we’ve seen in the previous parts of this series, the US economy remains on a gradual but steady path of recovery. This has kept the rate hike expectations more or less intact for later this year or early next year. This along with a stronger US dollar is weighing down on the sentiment for gold. Investors are instead opting for assets like the US dollar, which will not lose its appeal even if the Fed hikes interest rates.
Gold outlook
In addition, India, the world’s number two gold consumer, has been discussing the introduction of gold-price-linked sovereign bonds to lower gold imports. The intent behind this would be to reduce India’s current account deficit and also to monetize gold investments. The US dollar’s steady march upwards along with waning physical demand will be negative for gold (GLD). It will also be negative for gold stocks, including Goldcorp (GG), New Gold (NGD), and AngloGold Ashanti (AU). New Gold forms 1.9% of the Market Vectors Gold Miners ETF (GDX).
For the latest updates, visit Market Realist’s Gold ETFs page.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : AU |
ISIN : US0351282068 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
AngloGold est une société d’exploration minière d'or basée en Afrique Du Sud. AngloGold est productrice d'or, d'argent, de cuivre et de zinc au Bresil, au Canada, au Ghana, au Mali, en Australie, en Afrique Du Sud, en Argentine, en Guinee, en Namibie et en Tanzanie, en développement de projets de fer et d'or au Bresil, en Australie, en Afrique Du Sud, en Colombie et en Republique Democratique Du Congo, et détient divers projets d'exploration aux Philippines. Ses principaux projets en production sont CRIXÁS, MINERAÇÃO, SAO BENTO, ANGLOGOLD ASHANTI MINERAÇAO et CRIXAS MINE au Bresil, SUNRISE DAM GOLD MINE en Australie, NAVACHAB MINE et NAVACHAB en Namibie, YATELA, MORILA et SADIOLA au Mali, CERRO VANGUARDIA en Argentine, MPONENG (WESTERN DEEP NO. 1 SHAFT), TAUTONA (WESTERN DEEP NO.3 SHAFT), BAMBANANI, TAU LEKOA, MPONENG, SAVUKA, TAU TONA, GREAT NOLIGWA, KOPANANG et CRIPPLE CREEK & VICTOR (CRESSON MINE) en Afrique Du Sud, SIGUIRI en Guinee, TEBEREBIE, IDUAPRIEM, OBUASI et KUBI au Ghana, GEITA en Tanzanie et TROUT LAKE MINE et CALLINAN MINE au Canada, ses principaux projets en développement sont MOAB KHOTSONG en Afrique Du Sud, MINAS-RIO au Bresil, LA COLOSA et GRAMALOTE en Colombie, KIBALI (KILO-MOTO) en Republique Democratique Du Congo et TROPICANA en Australie et ses principaux projets en exploration sont HUALATAN et ER au Perou, MKURUMU en Tanzanie, 777 PROJECT et RIVARD au Canada, LOUBOUGOULA, GOODPASTER et ALAMOUTALA (SADIOLA II) au Mali, BAMBADJI au Senegal, MORRO VELHO au Bresil et SIANA aux Philippines. AngloGold est cotée aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,3 milliards (1,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 23 novembre 2018 à 10,00 , et son plus haut niveau récent le 10 octobre 2024 à 26,76 . AngloGold possède 47 442 200 actions en circulation. |